May 10, 2022: -On Monday, Bitcoin decreased below the critical psychological level of $33,000, just days after making up to $40,000 in a Fed-induced rally last Wednesday.
Since Thursday, Bitcoin has been steadily extending its declines when it fell sharply alongside the stock market sell-off and took one more steep fall over the weekend. According to Coin Metrics, the price of bitcoin was down nearly 5% at $32,843.01. On that day, it decreases as low as $32,650.25, its weakest since in the previous July.
Ether’s moves from the last five days of crypto trading are 24 hours, which include weekends that have followed bitcoins. It’s down about 5% to $2,402.70 on Monday.
“Bitcoin has followed the lead of the equity market, extending lower after a weak April,” said Katie Stockton, founder of Fairlead Strategies. “Short-term momentum has deteriorated and bitcoin is no longer oversold from a short-term perspective.”
Stockton said bitcoin has no counter-trend signals but that the equity market looks poised to rebound this week, which could carry over to cryptocurrencies. For almost a year, the crypto market, led by bitcoin, has remained highly correlated with the moves inequities, especially tech stocks. April was the worst month since 2008 for the technology-dominated Nasdaq Composite Index.
Critical U.S. inflation data for April, which should be released on Wednesday, could be a temporary “turning point” for bitcoin, according to Yuya Hasegawa, a crypto market analyst at Japanese bitcoin exchange Bitbank.
“If the CPI shows no sign of slowing down, it will add to the fear of faster monetary tightening,” Hasegawa said. “But other inflation metrics are starting to slow down, and the April CPI could follow suit, which will likely alleviate the market’s concern and help recover its risk sentiment.”
It wouldn’t be enough to reverse market sentiment completely. However, he said.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
There are many challenges facing the painting and coating industry today, and the pandemic just added fuel to the fire. These include raw material shortages and the globalization of the painting and coating market. Other challenges include increasing regulations due to environmental concerns and increasing manufacturing costs and raw materials.
Today, most manufacturing companies face similar challenges. Those tend to intertwine themselves with implementing and adhering to best business practices. There are many reasons for this, including:
No standard definition for best practices.
The unending confusion of new shiny objects created by the technology industry.
The fact that manufacturing is such a complex industry.
Cyncly was created in September of 2022 as the new brand to unite Compusoft, 2020, and their affiliate companies after the two companies merged in 2021. One of the key factors driving the decision to form Cyncly as a global brand was that consumers worldwide wanted a seamless experience when they decided to improve their homes.
ArtiFlex Manufacturing is a premier resource for design, tooling, prototyping, automation, past model service, factory assist, and low volume tooling/production solutions. The team consists of passionate high-performance people organized in a lean fashion.
Tecnomatix® is a comprehensive portfolio of digital manufacturing solutions that helps companies to digitalize manufacturing and the process of turning innovative ideas and raw materials into transformative products. It is a software suite that enables organizations to create a digital twin of their manufacturing processes, including robots, automation, material handling systems, and people, to improve the performance of their business.
The digital asset landscape is exciting as Bitcoin blazes to a 19-month high and Galaxy Fox, a rising star in the play-to-earn gaming …